Empire State Realty Trust (NYSE:ESRT) Rating Increased to Hold at StockNews.com

Empire State Realty Trust (NYSE:ESRT) was upgraded by research analysts at StockNews.com from a “sell” rating to a “hold” rating in a report issued on Friday.

Empire State Realty Trust Trading Up 1.5 %

Shares of Empire State Realty Trust stock opened at $9.05 on Friday. The company has a fifty day simple moving average of $9.74 and a 200-day simple moving average of $9.29. Empire State Realty Trust has a 12-month low of $5.43 and a 12-month high of $10.32. The company has a current ratio of 7.04, a quick ratio of 7.04 and a debt-to-equity ratio of 1.29. The stock has a market cap of $1.48 billion, a price-to-earnings ratio of 29.19, a PEG ratio of 3.26 and a beta of 1.30.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of ESRT. GAMMA Investing LLC acquired a new stake in Empire State Realty Trust in the fourth quarter valued at about $34,000. Ensign Peak Advisors Inc purchased a new position in shares of Empire State Realty Trust during the 3rd quarter worth approximately $44,000. Osaic Holdings Inc. lifted its holdings in shares of Empire State Realty Trust by 37.6% in the 2nd quarter. Osaic Holdings Inc. now owns 6,091 shares of the real estate investment trust’s stock valued at $46,000 after buying an additional 1,666 shares during the period. Federated Hermes Inc. purchased a new stake in shares of Empire State Realty Trust in the third quarter valued at approximately $59,000. Finally, Captrust Financial Advisors acquired a new position in Empire State Realty Trust during the second quarter worth $59,000. Institutional investors and hedge funds own 67.10% of the company’s stock.

Empire State Realty Trust Company Profile

Empire State Realty Trust, Inc (NYSE: ESRT) is a NYC-focused REIT that owns and operates a portfolio of modernized, amenitized, and well-located office, retail, and multifamily assets. The company is the recognized leader in energy efficiency and indoor environmental quality. ESRT's flagship Empire State Building – the "World's Most Famous Building" – includes its Observatory, Tripadvisor's 2023 Travelers' Choice Awards: Best of the Best the #1 attraction in the US for two consecutive years.